Hi there,
I am married with no children, and my wife and I have the following debts:
AIB loans - around €24,000 combined
Credit cards - around €3,000 combined
Credit union loan - €2,600
so around €30,000 total personal debt.
My wife has been diagnosed with mental illness since last year, and our income is from disability allowance for her, an increase for me as her dependent, and rent allowance, and this comes to €1,960 per month in total (I have also recently applied for half rate carers allowance because I need to look after her for the time being).
We have been in with MABS a few months back, did our budget and pay €75 to AIB and €20 to the credit union per month. We were advised at the time that because our debt was fairly small and that our prospects might pick up, that it wouldn't be worth trying to write this debt off. However, in light of my wife's illness and inability to work, which will be a long term thing, and the fact that there is no way I'm going to be able to make any dent in this debt by myself, would I have a chance of getting this debt written off? And if so, what's the best way to getting the ball rolling?
It's an unfortunate situation we are in, because we had invested a lot of money in education and trying to create a decent life for ourselves, but that's gone out the window for the moment. We have also lost good job/education opportunities in recent times as a result of my wife's illness. I'm dealing with a lot of stress right now and it would be a monkey off my back if I could do something about this debt and we could move forward without it.
Any advice/opinion is much appreciated.
Thank you.
I am married with no children, and my wife and I have the following debts:
AIB loans - around €24,000 combined
Credit cards - around €3,000 combined
Credit union loan - €2,600
so around €30,000 total personal debt.
My wife has been diagnosed with mental illness since last year, and our income is from disability allowance for her, an increase for me as her dependent, and rent allowance, and this comes to €1,960 per month in total (I have also recently applied for half rate carers allowance because I need to look after her for the time being).
We have been in with MABS a few months back, did our budget and pay €75 to AIB and €20 to the credit union per month. We were advised at the time that because our debt was fairly small and that our prospects might pick up, that it wouldn't be worth trying to write this debt off. However, in light of my wife's illness and inability to work, which will be a long term thing, and the fact that there is no way I'm going to be able to make any dent in this debt by myself, would I have a chance of getting this debt written off? And if so, what's the best way to getting the ball rolling?
It's an unfortunate situation we are in, because we had invested a lot of money in education and trying to create a decent life for ourselves, but that's gone out the window for the moment. We have also lost good job/education opportunities in recent times as a result of my wife's illness. I'm dealing with a lot of stress right now and it would be a monkey off my back if I could do something about this debt and we could move forward without it.
Any advice/opinion is much appreciated.
Thank you.